Form 8.3 -DECHRA PHARMACEUTICALS PLC

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR

MORE

Rule 8.3 of the Takeover Code (the "Code")

1.

KEY INFORMATION

(a)

Full name of discloser:

Barclays PLC.

(b)

Owner or controller of interest and short

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

DECHRA PHARMACEUTICALS PLC

relevant securities this form relates:

(d)

If an exempt fund manager connected with an

offeror/offeree, state this and specify identity of

offeror/offeree:

(e)

Date position held/dealing undertaken:

19 Jun 2023

(f)

In addition to the company in 1(c) above, is the discloser making

NO

disclosures in respect of any other party to the offer?

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)

Interests and short positions in the relevant securities of the offeror or offeree

to which the disclosure relates following the dealing(if any)

Class of relevant security:

1p ordinary

Interests

Short Positions

Number

(%)

Number

(%)

(1)

Relevant securities owned

and/or controlled:

866,581

0.76%

1,246,052

1.09%

(2)

Cash-settled derivatives:

and/or controlled:

1,194,084

1.05%

765,589

0.67%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

2,060,665

1.81%

2,011,641

1.77%

(b)

Rights to subscribe for new securities (including directors and other executive

options)

Class of relevant security in relation to

which subscription right exists

Details, including nature of the rights

concerned and relevant percentages:

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

Class of relevant

Purchase/sale

Number of

Price per unit

security

securities

1p ordinary

Purchase

464

36.2600 GBP

1p ordinary

Sale

3

36.2400 GBP

1p ordinary

Purchase

2,620

36.2496 GBP

1p ordinary

Purchase

25,862

36.2773 GBP

1p ordinary

Sale

1,666

36.2373 GBP

1p ordinary

Purchase

1,164

36.2291 GBP

1p ordinary

Purchase

4,787

36.2648 GBP

1p ordinary

Purchase

206

36.2560 GBP

1p ordinary

Purchase

3,781

36.2513 GBP

1p ordinary

Purchase

538

36.2375 GBP

1p ordinary

Purchase

1,005

36.2253 GBP

1p ordinary

Purchase

1,224

36.2552 GBP

1p ordinary

Purchase

3,861

36.2537 GBP

1p ordinary

Sale

5,052

36.2800 GBP

1p ordinary

Purchase

8,409

36.2576 GBP

1p ordinary

Sale

33,194

36.2616 GBP

1p ordinary

Sale

154

36.2700 GBP

1p ordinary

Sale

66

36.3000 GBP

1p ordinary

Purchase

694

36.2351 GBP

1p ordinary

Purchase

140

36.2589 GBP

1p ordinary

Purchase

1,622

36.2551 GBP

1p ordinary

Purchase

66

36.3000 GBP

1p ordinary

Purchase

2,921

36.2418 GBP

1p ordinary

Purchase

2,500

36.2247 GBP

1p ordinary

Sale

261

36.2276 GBP

1p ordinary

Sale

2,172

36.2195 GBP

1p ordinary

Sale

174

36.2500 GBP

1p ordinary

Purchase

2,125

36.2405 GBP

1p ordinary

Sale

9,264

36.2818 GBP

1p ordinary

Purchase

4,017

36.2540 GBP

1p ordinary

Sale

1,004

36.2340 GBP

1p ordinary

Sale

231

36.2442 GBP

1p ordinary

Purchase

1,599

36.2525 GBP

1p ordinary

Sale

343

36.2600 GBP

1p ordinary

Purchase

3

36.2400 GBP

1p ordinary

Purchase

2,520

36.2800 GBP

1p ordinary

Sale

12,330

36.2386 GBP

1p ordinary

Sale

50,000

36.2589 GBP

(b)

Cash-settled derivative transactions

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

reference

unit

security

securities

1p ordinary

CFD

Long

66

36.3000 GBP

1p ordinary

SWAP

Long

140

36.2370 GBP

1p ordinary

CFD

Long

140

36.2567 GBP

1p ordinary

CFD

Long

800

36.2351 GBP

1p ordinary

CFD

Long

1,004

36.2340 GBP

1p ordinary

CFD

Long

1,006

36.2800 GBP

1p ordinary

CFD

Long

1,691

36.2383 GBP

1p ordinary

SWAP

Long

3,919

36.2800 GBP

1p ordinary

SWAP

Long

11,941

36.2461 GBP

1p ordinary

SWAP

Long

12,237

36.2560 GBP

1p ordinary

SWAP

Long

20,667

36.2598 GBP

1p ordinary

SWAP

Short

17

36.2597 GBP

1p ordinary

SWAP

Short

64

36.2505 GBP

1p ordinary

SWAP

Short

113

36.2491 GBP

1p ordinary

SWAP

Short

640

36.2349 GBP

1p ordinary

SWAP

Short

792

36.2400 GBP

1p ordinary

CFD

Short

1,072

36.2800 GBP

1p ordinary

SWAP

Short

1,213

36.2825 GBP

1p ordinary

SWAP

Short

1,480

36.2361 GBP

1p ordinary

SWAP

Short

2,125

36.2405 GBP

1p ordinary

SWAP

Short

4,787

36.2648 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

relates

(ii)

Exercising

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

securities

unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

applicable)

4.

OTHER INFORMATION

(a)

Indemnity and other dealings arrangements

Details of any indemnity or option arrangement, or any agreement or understanding,

formal or informal, relating to relevant securities which may be an inducement to deal

or refrain from dealing entered into by the exempt principal trader making the disclosure and any party

to the offer or any person acting in concert with a party to the offer:

NONE

(b)

Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between

the person making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights of future acquisition or disposal of any relevant securities to which

any derivative is referenced:

NONE

(c)

Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:

20 Jun 2023

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213